Check out some available loans that are similar to this one!
Amistad 2 Group
In this Group: Altagracia, Jose, Criseida, Federico, Faustino
Altagracia is the coordinator of this group, called Amistad 2 Group ("Friendship"). The area in which the borrowers live is a rural zone, surrounded by mountains and rivers. Altagracia lives with her long-term partner in the beautiful town of El Seibo. She says her most important challenge is to keep her business stable and sustainable. She enjoys working and serving the needs of her family and friends. Altagracia has three children and she lives with her long-term partner.

Altagracia is receiving her 13th loan with Esperanza International Dominican Republic, having repaid all her previous loans. After almost seven years of investment, her business has a growing range of products and is acquiring more clients and communities.

She will use this loan to purchase cooking pots and pans, to distribute in her neighborhood and others nearby. She sells these items on credit and her clients pay her every week. She always reinvests her profits in her business and she also saves for her family's needs. She thanks you all for your support!

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

Tags

About Dominican Republic

  • $7,611
    Average annual income
  • 5
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 43.5
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Amistad 2 Group's $2,650 loan helped a member to buy cooking items like pots, pans, and other items.
57% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2014
Listed
Jul 21, 2014
Currency Exchange Loss:
Possible